Coral Gables, April 29, 2025 – SL FINANCIAL is an actuarial consulting and advisory firm based in Miami, Florida.. We are present in Nigeria (West Africa) under GOLDWYNS ACTUARY LLP. We offer complete actuarial solutions in both traditional (re)insurance and alternative risk financing industries. We are here to help insurers and financial institutions to navigate the implementation of IFRS 17, the new standard for insurance contract accounting.

Access to affordable healthcare is a global issue, with high costs and complex systems in the West, and infrastructure gaps and inequalities in Africa. Despite these differences, both regions aim for universal access. Actuarial modeling offers a powerful, data-driven approach to manage costs, reduce risks, and develop sustainable, tailored healthcare solutions

Healthcare Affordability and Access: A Global Perspective

In Africa, healthcare access is limited by economic inequality and weak infrastructure. Out-of-pocket payments are common, placing a heavy burden on families. Rural areas lack services, and public insurance systems are often inefficient. Delayed insurer payments have also led to increased fraud, such as overbilling and false claims.

In Western countries like the USA and parts of Europe, rising costs of treatments, medications, and administrative inefficiencies pose major challenges. Despite universal healthcare in some regions, access remains unequal—especially for marginalized and uninsured populations.

Key drivers of these challenges include:

• Rising medical costs: Advanced treatments and imported resources strain budgets in Africa, while Western nations face inflation in healthcare technology and pharmaceuticals.
• Economic inequities: Access is starkly influenced by income levels, with underserved populations in both Africa and the West facing barriers to care.
• System inefficiencies: Africa battles underfunded public systems, while Western nations contend with complex and fragmented healthcare infrastructures.

Actuarial Modeling: A Shared Solution

Actuarial modeling provides the analytical tools to address healthcare affordability and access across regions. By using statistical and mathematical techniques, actuaries assess risks, forecast trends, and design financial solutions tailored to each region's unique challenges.

In Africa:

• Demographic health analysis: Actuarial models identify disease prevalence and burden, helping stakeholders allocate resources to priority areas like maternal and child health.
• Community-based insurance schemes: Actuaries design affordable risk-pooling mechanisms that expand coverage and make healthcare accessible to rural populations.
• Public-private collaborations: Modeling can evaluate the financial viability of partnerships, optimizing healthcare delivery across urban and rural settings.
• Anti-fraud tool: Unsupervised learning can identify good or bad potential customers, to optimize the distribution of charges across the population.

In Western nations:

• Value-based healthcare models: Actuaries guide reforms to focus on outcomes over services, ensuring high-quality care while controlling costs.
• Customized insurance solutions: Models optimize risk pools to design comprehensive and affordable insurance products, targeting underserved groups.
• Dynamic cost management: Predictive analytics facilitate pricing adjustments, keeping care accessible for vulnerable populations.

Actuarial modeling enables stakeholders in Africa and the West to approach healthcare challenges with data-driven solutions, ensuring sustainable systems that balance affordability, access, and quality.

Crafting Equitable, Sustainable Healthcare Systems

SL FINANCIAL leverages actuarial expertise to support decision-makers in building healthcare systems that meet regional needs with innovation and precision.

• In Africa: SL FINANCIAL transforms healthcare systems by designing affordable insurance products, optimizing resource allocation, and prioritizing underserved communities. These efforts pave the way to universal health coverage, addressing disparities in both urban and rural populations. Develops cutting-edge technological tools for the distribution of these products, accompanied by anti-fraud system.
• In Western Nations: SL FINANCIAL drives healthcare reform through sustainable financing, predictive analytics, and tailored solutions that ensure access and affordability for all demographics.

Through collaboration and innovation, SL FINANCIAL helps create inclusive systems that deliver the promise of accessible healthcare while ensuring financial sustainability.

A Call to Action

Healthcare systems across Africa, the West, and the rest of the world face mounting pressures. The expertise provided by SL FINANCIAL is a game-changer in addressing these challenges through actuarial insights. By combining risk analysis, predictive modeling, strategic planning and technological support, SL FINANCIAL bridges the gap between sustainable healthcare systems and universal access.

Whether you are navigating Africa’s resource constraints or addressing the complexities of Western healthcare systems, SL FINANCIAL can guide you toward solutions that balance affordability and access with equity and efficiency.

In Africa, actuarial innovations can expand access to affordable care for underserved populations, while Western nations can leverage actuarial expertise to manage the complexities of advanced healthcare systems. Collaborative efforts across industries and regions are essential to realizing these transformative solutions.

Let’s work together to create inclusive, sustainable healthcare systems that serve communities everywhere. Contact SL FINANCIAL | GOLDWYNS ACTUARY LLP today to leverage actuarial expertise and build a healthier future for Africa, the West, and beyond.

For any question or media inquiry, please visit our website at www.sl-financial.com or contact our team at that ceo@sl-financial.com.

MEDIA CONTACT

Achille Sime

CEO

ceo@sl-financial.com